The Hive blockchains has around 2.5M.
What percent of these accounts are active? How many active accounts the Hive blockchain has and how are they transacting/using on the blockchain?
How is the bear market influencing the number of active accounts?
Let’s take a look!
We will be looking at the activity on the chain by the top operations made:
Apart from the above, reading, or page views, is also a crucial part of this ecosystem, but this type of operation is not stored on the blockchain. There are some general traffic websites that can be used for this, like https://hypestat.com/.
We will be looking at the number of active accounts by the operations stated above for the 2022 – 2023 period.
We will be looking at the number of DAUs (daily active users), the number of MAUs (monthly active users), and then summary for the whole year.
First let’s take a look at the number of accounts active per day. Here is the chart.
The above is the chart for DAUs, for accounts making any type of operation.
As we can see at the beginning of the year there was around 400k DAUs, then there was a massive drop in June 2022 to around 200k DAUs. There is yet another drop starting from 2023 and we are around 100k.
Most of these movements are due to Splinterlands active players.
What type of operations are these accounts making?
From previous analysis we know that most of the DAUs are coming from Splinterlands. If we take a look at a chart with active accounts per operation, we got this:
The top line are the accounts making custom JSON operations, that in most cases are Splinterlands operations. The number of these accounts is so much higher then the rest of the operations that we can barely see them on the bottom of the chart.
The number of daily accounts making custom json operations is around 100k.
If we exclude the accounts making custom json operations for better visibility, we get this:
These numbers are quite stable.
From the above we can see that there is around 12k accounts voting/curation on daily basis, then there is around 3.7k accounts making posts or comments, and around 2k accounts transferring funds, at the end of the year.
Its interesting to see tat there has been some spikes in the numbers of active accounts that are transferring HIVE around.
We can notice a slight downtrend in the number of these operations, but no significant drop, compared to the prices.
The monthly numbers might give a better perspective for active accounts, as not all the users are making operations daily. Here is the chart.
We can see a more gradual transition here.
There is a drop in the MAUs in the last month April 2023. A total of 275k active accounts in April 2023, while in the previous months this number was 350k and more.
When we breakdown the monthly active accounts by type of operation we get this:
As for the DAUs, we can see that the custom JSON operations are dominating this chart as well.
Back in 2022 there was 650k accounts making custom json operations while now we are at 250k MAUs.
If we zoom in for the other three categories that are almost not visible on the chart above, we get this:
A slow downtrend here, with an interesting spike in the numbers of accounts making transfers.
Votes comes on the top with 20k active accounts per month in April 2023. Next are the accounts making transfers, also close to 20k, while in the previous period, they were around 15k.
On the posting side, there are around 11k active accounts per month in the last period.
When we sum up the above and get the data for 2023 up till today we get this.
Number of active accounts in 2023 by operation:
In total there is almost 500k accounts making some type of operation in 2023 on the Hive blockchain.
The custom json operations remain dominant on a yearly level as well.
What’s interesting is the number of accounts transferring coins is on the second spot here. Curation/votes are next and posting comes at the end.
The gaming side of Hive and Splinterlands are still the leading in the numbers of active accounts on Hive, even with the recent drop in activity there.
The number of accounts making posts, comments and curating has been quite steady in 2023.
There are some spikes in the number of accounts making transfers, moving HIVE around.
Most of the active accounts on the Hive blockchain in 2023 have been Splinterlands players, with 100k DAUs, 250k MAUs and a total of 430k Splinterlands players on a yearly basis.
On the posting side there are around 3.7k DAUs, 11k MAUs, and 20k accounts making a post or a comment in 2023. On the curation side, 12k DAUs and 20k MAUs. Accounts making transfers are up and there are now 45k MAUs with this type of operation.
The downtrend is obvious from the charts above, but compared to the price of the HIVE token, that started the year with 1.5$ and ended around 0.27$, the drop has been much smaller. We can say that there are core users that are swing through the stormy weather around here 😊.
All the best
